We continue to like CA as a play in the emerging cloud network, but our expectations have been slightly tempered due to recent results. Bookings were down by 5% YoY, and we saw weakening bookings in North America by 12%. International growth was still strong, but we did not see the demand nearly as strong as had been expected. We slightly reduced our expectations, therefore, for the 2013 and 2014 as cyclical demand seems to be waning.

Dollar Tree: Maintain atBuy, Increase PT from $123 to $132

Dollar Tree is continuing to look strong, and we like the stock for the second half of 2012. The company continues to grow at a very strong rate, and we believe that discount retail stores are going to be a very solid investment for the second half of 2012. Discount stores are looking good as our economy continues to stay weak, and DLTR continues to open lots of new stores. Additionally, if we see the economy improve, we believe it raises all ships. This company has a lot of potential right now and is going to continue to offer a nice premium with its growth rate as well as discount store appeal.

Gildan Activewear: Maintain at Hold, Decrease PT from $32 to $31

Gildan looks like they should be maintained at Hold right now as the company showed a bit of weakness in their last quarter, and we slightly reduced our expectations for the company due to this. We continue to like the company's solid value at future P/E at 11 as well as strong growth trends. We believe that its a better Buy on more weakness, but we still like this company.

M.D.C. Holdings: Maintain at Hold, Increase PT from $29 to $33

MDC Holdings continue to look good as the residential construction industry continues to go through what appears the beginning of a better cyclical trend. Valuations appear to suggest that the stock is pretty well priced at current levels, and we would wait for a bit more weakness before entering. We see that the company is going to turn its first profit this year, and we believe the housing industry has bottomed.

Sina: Maintain at Sell, Decrease PT from $49 to $41

We continue to dislike Sina as an investment as we do not foresee a strong profit potential for Weibo software. The company's latest quarter was even worse than we expected. The company is going to see a revenue and profit increase over the next couple years, but we still believe the market is pricing the company too high even at current levels as we have modeled $250M in operating income by 2015 in our price target.

Tim Hortons: Upgrade from Hold to Buy, Increase PT from $64 to $67

Tim Hortons was upgraded from Hold to Buy as we believe the company is one of the best investments to make in the fast/casual dining. The Canadian-based company has a lot of growth potential still in the coming years, and it has a decent yield at 1.6%. The company did slightly miss expectations in the last quarter, but we continue to see strong momentum. Additionally, we upped our price target as their effective tax rate dropped.